Legislature(2017 - 2018)
2017-04-25 Senate JournalFull Journal pdf
2017-04-25 Senate Journal Page 1055 HB 111 The Resources Committee considered CS FOR HOUSE BILL NO. 111(FIN)(efd fld) "An Act relating to the oil and gas production tax, tax payments, and credits; relating to interest applicable to delinquent oil and gas production tax; relating to carried-forward lease expenditures based on losses and limiting those lease expenditures to an amount equal to the gross value at the point of production of oil and gas produced from the lease or property where the lease expenditure was incurred; relating to information concerning tax credits, lease expenditures, and oil and gas taxes; relating to the disclosure of that information to the public; relating to an adjustment in the gross value at the point of production; and relating to a legislative working group" and recommended it be replaced with SENATE CS FOR CS FOR HOUSE BILL NO. 111(RES) "An Act relating to the oil and gas production tax and credits against the oil and gas production tax; relating to certain tax credits under 2017-04-25 Senate Journal Page 1056 the tax on corporations and the refund of those credits; relating to the applicability of certain credits earned under the oil and gas production tax to the tax on corporations; relating to interest applicable to delinquent taxes; relating to lease expenditures; and providing for an effective date." (Title Change SCR 12) Signing do pass: Senator Giessel, Chair; Senators Coghill, von Imhof, Meyer. Signing no recommendation: Senators Hughes, Stedman. Fiscal information forthcoming. The bill was referred to the Finance Committee.